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These Presidential historical materials are in the custody of the National Archives and Records Administration under the provisions of Title I of the Presidential Recordings and Materials Preservation Act of 1974 (44 U.S.C. 2111 note), and implementing regulations. In accordance with the act and regulations, archivists reviewed the file group to identify private or personal as well as non-historical items. Such items, if found, have been withdrawn for return to the individual with primary proprietary or commemorative interest in them.

Materials covered by this act have been archivally processed and are described in this finding aid. Items that are security classified or otherwise restricted under the act and regulations have been removed and placed in a closed file. A Document Withdrawal Record (NA Form 14021) has been placed in the front of each folder describing each withdrawn item. Employees of the National Archives will review periodically the unclassified portions of closed materials for the purpose of opening those which no longer require restrictions. Classified documents may be reviewed for declassification under authority of Executive Order 13526 in response to Mandatory Review Request (NA Form 14020) submitted by the researcher.

Organizational Note

The Small Business Administration (SBA) was created by the Small Business Act of 1953 (67 Stat. 232), and derives its present existence and authority from the Small Business Act (72 Stat. 384; 15 USC 631 et seq.), as amended. It also derives authority from the Small Business Investment Act of 1958 (72 Stat. 689; 15 USC 661), as amended. The Secretary of Commerce has delegated to the Administration certain responsibilities and functions under section 202 of the Public Works and Economic Development Act of 1965 (79 Stat. 556; 42 USC 3142), as amended, and is further authorized to delegate to the Administrator certain responsibilities and functions under chapter 3 of the Trade Act of 1974 (88 Stat. 1978; 19 USC 2101).

Functions and Activities

Financial Assistance The Small Business Administration provides guaranteed, direct, or immediate participation loans to small business concerns to help them finance plant construction, conversion, or expansion; and acquire equipment, facilities, machinery, supplies, or materials. SBA also provides them with working capital. Since enactment of the act of June 4, 1976 (90 Stat. 663), farming enterprises are included within the term "small business concerns."

The victims of floods, riots, civil disorders, and other catastrophes are provided with loans to aid them in repairing, rebuilding, or replacing their homes, businesses, or other property. Loans are provided to assist small businesses that have sustained substantial economic injury resulting from natural disasters.

The agency is authorized to make special loans to handicapped individuals and nonprofit organizations employing the handicapped in the production of goods or services. Also, SBA may provide loans to finance residential or commercial construction or rehabilitation for sale, loans to small business concerns located in urban or rural areas with high proportions of unemployed or low-income individuals or owned by low-income individuals; extensions and revolving lines of credit for export purposes to enable small business concerns to develop foreign markets and for pre-export financing; and guarantee loans to qualified employee trusts with respect to small business concerns. SBA may finance small firms that manufacture, sell, install, service, or develop specific energy measures including engineering, architectural, consulting, or other professional services connected with eligible energy measures.

Under provisions of sections 501 and 502 of the Small Business Investment Act, loans are made to State and local development companies, which, in turn, assist small business concerns.

[For the Small Business Administration statement of organization, see Code of Federal Regulations, Title 13, Part 101.]

Scope and Content Note

The fundamental purposes of the Small Business Administration (SBA) are to aid, counsel, assist, and protect the interests of small business; ensure that small business concerns receive a fair portion of Government purchases, contracts, and subcontracts, as well as of the sales of Government property; make loans to small business concerns, State and local development companies, and the victims of floods or other catastrophes, or of certain types of economic injury; and license, regulate, and make loans to small business investment companies.

The terms Executive and General are used before the code FG 217 generally to determine the source of the materials. Items designated Executive are communications among national, foreign, state, and local governments and their agencies, members of Congress, and other prominent people. Items designated General are communications between Government officials and private citizens, institutions, and other private interests.

FG 217 SMALL BUSINESS ADMINISTRATION

FG 217-1 NATIONAL SMALL BUSINESS ADVISORY COUNCIL

This subcategory contains documents on general topics relating to the advisory council.